I’m a new player, I made my first character three weeks ago. One of the things I wanted to try in Eve was to become a station trader, mostly for two reasons:
- I’ve never done that before, and I wanted to try and play “Wolf of Wall Street”
- From what I’ve read, it’s a way to make ISK, which is nice
After gaining some money, I made an alt in Jita and sent him 10 million. After two weeks I sat at 80 million. Probably not that amazing, but considering most of the time I was trading 1-2 items at a time in a chill way to figure things out, I can’t really say Jita treated this noob badly.
Still, I am finding myself realizing I am probably not doing this right (or as right as I could) and because of this, I’d like to ask you mighty veterans for advice.
First of all, what kind of item should I trade? Of course, I’m not asking for specific items, but it seems like there are set profile for items:
-There are the stable high margin (50% and above), high volume (thousands per day), low value items, which helped me build profit at first, but the more I make the more I realize the profite is really small (for example: I buy 100 of them at 2000 and sell them at 5000, great volume and margin but it nets me only 300k).
-There are the high margin, low volume, somewhat high value items, which might make me some big money, but might also take days to buy and sell and the margin might go down a little during that time.
-There are the lower margin (15%-30%) high value items, that are usually traded at higher volume compared to the profiles above, but there is waay more competition and I’d have to invest a lot of money to get a profit (I still feel uneasy putting 10 million in escrow to gain 1 million), and even then, It might take me days to clear the whole stock. Am I right to feel uneasy, or are these the best items to trade anyway and I should not care at all?
-Then there are the freaks, like items with huge margin and value and relatively high trading rates, but with freakish price history and medians that are all over the place or very very close to the sell or buy price. Knowing the burger method (which tells me to look for a median between the two values), I assumed these were a trap and just ignored them. Was I too wary? Is it possible that even when the median is equal to the buy order price there are still enough people buying from sell orders to make trying that route worthwile?
As you probably guessed, I’m an alpha clone, so I can’t really reduce fees and taxes by much (I only have Broker Relations at 2 or 3), and I only have 17 orders at my disposal, which means I have to pick and choose what I’m trading and probably select only the things that will net me a big profit.
My big questions are: Are the profiles shown above somewhat accurate? Is there profile that you believe works best and I should focus my orders on? Should I accept even smaller profits and maybe create even more alts in the same place to have more orders?
Also, after trying in Dodixie with my main account and finding it too slow to work, I just assumed Jita would have been the best place to be. Was this a good idea? I’ve read older posts that said something about smaller hubs being better. Is it true? If yes, what kind of hub should I be looking for (central hubs for other factions or even smaller)?
Also, as a last small question, do you know which is the peak time for the game? Maybe I should play around that when trading
I’d like to thank you in advance for answering all these questions that might be very silly, and also thank you for reading this wall of text.